Company Description

U.S. Bancorp operates as a bank holding company, which through its subsidiary provides banking services. It provides a full range of financial services, including lending and depository services, cash management, foreign exchange and trust and investment management services. The company also engages in credit card services, merchant and ATM processing, mortgage banking, insurance, brokerage and leasing. Its subsidiaries engage in the general banking business, principally in domestic markets. The company's subsidiaries provides a wide range of products and services to individuals, businesses, institutional organizations, governmental entities and other financial institutions. The Bancorp's Commercial and consumer lending services are principally offered to customers within the Company's domestic markets, to domestic customers with foreign operations and to large national customers focusing on specific targeted industries. Its Lending services include traditional credit products as well as credit card services, leasing, financing and import & export trade, asset-backed lending, agricultural finance and other products. The Bancorp's Depository services include checking accounts, savings accounts and time certificate contracts. Ancillary services such as foreign exchange, treasury management and receivable lock-box collection are provided to corporate customers. The company's bank and trust subsidiaries provide a full range of asset management and fiduciary services for individuals, estates, foundations, business corporations and charitable organizations. U.S. Bancorp was founded in 1929 and is headquartered in Minneapolis, MN